LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep
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$300 MILLION ABACHA LOOT: JERSEY ISLAND GOVT GIVES NIGERIA CONDITIONS FOR REPATRIATION TODAY.{PHOTO}.

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        The government of Jersey Island has insisted that the Abacha loot would not be released to Nigeria if a third party representation is brought into the picture.
The Honourable Minister and Attorney General of Jersey Island, Robert J. MacRae QC disclosed this on Tuesday, November 7, 2017 during the on going 7th Session of Conference of State Parties to the United Nations Convention Against Corruption, holding in Vienna, Austria.
MacRae spoke at a side meeting with the Nigeria delegation led by acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu.The Jersey Attorney General expressly stated that negotiations in respect of repatriation in respect of the USD300 million being part of the Abacha loot between Nigeria and Jersey Island involving the United States of America, USA, "must be government to government cooperation".The EFCC was accompanied at the meeting by four members of the Nigeria delegation.
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